PAM

News

Egypt to Make Debt Payment to IOCs Soon

Egypt will make a debt payment of US$750 million to international oil companies on 1 June 2017, Central Bank Governor Tarek Amer said on Tuesday.

Egypt has outstanding dues of about US$3.5 billion to international oil and gas companies. Amer said separately that Egypt has received US$8 billion in investment from 150 global investment funds over the past six months.